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Portland ranks No. 1 in the U.S. for beer drinkers

The city ranks in the top 10 for both breweries per 100,000 residents and bars per 10,000 residents.

We're No. 1!

It shouldn't surprise anybody in Portland, but according to financial research firm SmartAsset, we're the best city for beer drinkers.

The criteria for rating included total number of breweries, number of breweries per 100,000 residents, average number of beers per brewery, number of bars per 10,000 residents, and average price for a pint of domestic draught beer.

The city ranks in the top 10 for both breweries per 100,000 residents and bars per 10,000 residents. According to the study, Portland has 67 breweries, or 10.34 per 100,000 residents, and 43.8 bars per 10,000 people. The average price of a pint is $5 and there are 75.9 beers per brewery.

Portland finished ahead of Asheville, North Carolina.

The report says, "The City of Roses is also fond of hops and malted barley, according to our analysis. Portland is awash in beer."

AJ Smith, vice president of financial education at SmartAsset, says the report took information from the website ratebeer.com/breweries.

Says Smith: "We've done this study for several years running, since 2015. Here's our methodology, which determines which city can attain and hold the top spot: First, we ranked each city in each metric; we then found each city's average ranking, giving the price of draft beer and average number of beers per brewery a half-weight; we double-weighted the total number of breweries."

"We can't extrapolate our own tastes to the studies we conduct, but it's fair to say that with such craft brew variety in the city, even the pickiest beer connoisseur should find something suited to his or her palette," Smith says.

(Now go spend money on beer — an extrapolation of financial and frothy ideas addressed in this story).

Details can be found at smartasset.com/checking-account/best-cities-for-beer-drinkers-2018.